San Francisco Luxury Hotel Rooms Can Cost $1M Each to Build - NBC Bay Area

San Francisco Luxury Hotel Rooms Can Cost $1M Each to Build

    processing...

    NEWSLETTERS

    San Francisco Luxury Hotel Rooms Can Cost $1M Each to Build
    Bloomberg via Getty Images
    Guests arrive through the revolving door of a Fairmont Hotels & Resorts Inc. location in the Nob Hill neighborhood of San Francisco, California, U.S..

    Staying in a San Francisco hotel room can make you feel like a million bucks.

    Many luxury hotel rooms in San Francisco cost $500 and up per night, but one industry expert says these accommodations can cost $1 million each to actually build.

    Hotel consultant Rick Swig offered that figure to the San Francisco Business Times to estimate the cost per room of a 200-room luxury hotel with rooms that are at least 500 square feet.

    Not only is land expensive in San Francisco, Swig said that luxury hotel developers have a tendency to purchase high-end accoutrements for the rooms and bathrooms. His $1 million tag also takes into account the construction of the public spaces of a hotel.

    Get the latest from NBC Bay Area anywhere, anytime
    • Download the App

      Available for IOS and Android